Latest Breaking Business News
RSS-
The Wolf on Wall Street Trailer Shows Leonardo DiCaprio Rolling in Mega-Wealth Debauchery
(Paramount Pictures/YouTube) The newly-released trailer for ';The Wolf of Wall Street,'; starring Leonardo DiCaprio, gives a first glimpse at Martin Scorsese’s new crime thriller about the wealth of Wall Street moguls in the ...
-
Targets narrow vote on executive pay suggests shareholder discontent
Despite Target's healthy stock price, investors last week approved the retailer's executive compensation policies with just 52.1 percent of the vote, a stunning rebuke to a company that Wall Street has long regarded as one of the best-run in the ...
-
In apparel industry advantages of Made in USA label wear thin
Workers sewed T-shirts at Los Angeles apparel firm Venley. Despite the higher production costs, the company’s owner refuses to send work overseas and produces everything ...
More Breaking Business News
RSS-
Federal Reserves communication plan is backfiring
Federal Reserve Chairman Ben Bernanke speaks during a news conference in Washington, Wednesday, March 20, 2013, following the Federal Open Market Committee ...
-
Failed Minnesota clean-coal project gets help with its debts
Minneapolis -based company that never delivered on its promise to produce electricity with clean-coal technology, is getting government help to clean up its ...
-
Leucadia Pizzeria ripped off for $545000
VISTA -; A Vista bookkeeper accused of embezzling more than $545,000 from the Leucadia Pizzeria chain pleaded not guilty Monday to 26 felony ...
-
Wall Street starts week higher on upbeat manufacturing activity
US stocks opened higher on Monday on a strong note after a slide last week, boosted by a better-than-expected manufacturing activity index in the New York area and a rebound in stocks across the world.The June Empire State Manufacturing Survey indicated that conditions for New York manufacturers improved modestly, according to the Federal Reserve Bank of New York. The general business conditions ...
-
Sprint Files Lawsuit Against DISH Network Corporation and Clearwire Corporation Citing the Illegality of the DISH Tender Offer for Clearwire
OVERLAND PARK, Kan. -- (BUSINESS WIRE) -- Sprint (NYSE:S) announced today that it has filed a complaint in the Delaware Court of Chancery against DISH Network Corporation (NASDAQ:DISH) and Clearwire Corporation (NASDAQ: CLWR) asking the Court to prevent the consummation of the DISH tender offer for Clearwire. Sprint believes the transaction violates Delaware law and the rights of both ...
-
Fed Meets as Faith in Its Bond Program Wanes
There's a wide divide on Wall Street over whether further bond purchases by the Federal Reserve can help lower interest rates, which have been rising since early May. Economists, analysts and fund managers, who participated in the latest CNBC Fed survey, were almost evenly split on the question. Of the 60 respondents, 45.8 percent said further bond purchases could help lower yields, while ...
-
Flush with orders aerospace industry retools for future
Reuters © Airbus sales chief John Leahy attend the 50th Paris Air Show, at the Le Bourget airport near Paris, June 17, 2013. REUTERS/Pascal ...
-
Apple joins other tech companies in detailing government requests for data
Reacting to recent news reports about government data-gathering from major Internet companies, Apple on Monday joined several other tech companies that have begun reporting how many requests for customer information it receives from U.S. law enforcement and intelligence ...
-
Jack in the Box closing 67 Qdoba stores
Jack in the Box announced Monday it will shutter 67 of its Qdoba stores, but as a measure of its faith in the brand, it will open many more of the Mexican Grill outlets in the coming ...
-
Wall St. waiting on Bernankes words
Photo credit: Chairman Ben Bernanke (Getty) Since the U.S. economic recovery began, the Federal Reserve has emerged as the biggest power player on Wall Street, with investors hanging on to every comment made by Fed Chairman Ben Bernanke and his team. How powerful is the Fed? After recent comments from Bernanke that his agency might soon start to taper its easy-money policies over the next few ...
-
Scott London Speaks Out on Kickbacks
Scott London spoke to CNBC's Jane Wells about the KPMG insider trading scheme and how much he made in kickbacks. London says "nothing like this has ever happened ...
-
What to Do With Fannie Freddie
A bipartisan bill is in the works to replace Fannie and Freddie with a new government agency. Larry McDonald, Newedge; Ed Butowsky, Chapwood Investments; and Ron Kruszewski, Stifel Nicolaus, ...
-
Snowden I Am Not A Spy
NSA leaker Edward Snowden denied that he is a spy for China, reports CNBC's Eamon Javers; and should tech companies have refused the NSA? Keith Boykin, CNBC Contributor; Heather Higgins, Independent Women's Voice; and Peter Brookes, Heritage ...
-
Talking Numbers Netflix DreamWorks Deal
Netflix and DreamWorks struck a huge deal that will offer 300 hours of content to NFLX users. Discussing whether investors should buy either stock on the news, with Carter Worth, Oppenheimer, and Enis Taner, ...
-
Sprint sues Dish Clearwire to block tender offer
(Reuters) - Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, escalating a takeover battle that also includes Japanese mobile carrier SoftBank ...
-
Third Point raises Sony stake presses entertainment spin-off
TOKYO (Reuters) - New York-based hedge fund company Third Point said on Tuesday that it had raised its stake in Sony Corp and asked for an opportunity to present its proposal for a partial spin-off of the company's entertainment unit to Sony's ...
-
Starboards battle with Smithfield over China-deal adds to activist image
NEW YORK (Reuters) - Since Starboard Value LP was spun off as a separate hedge fund just over two years ago it has been fast gaining a reputation for aggressive shareholder activism, pushing for change in household names including AOL ...
-
Hedge fund manager used postal box to hide $6 million fraud Feds say
CHICAGO/SAN FRANCISCO (Reuters) - A North Carolina hedge fund manager used a personal post-office box and forged bank statements to hide his theft of about $6 million over a seven-year period, U.S. regulators and prosecutors said on ...
-
Couples steamy romance e-books save their home
CBS News Their youngest son had contracted a virus. Jack was forced to leave a teaching program to care for him. Jasinda, a music and theater teacher, saw her income cut when a school program was cancelled. Jasinda said they were probably about 30 days away from losing their house. At that point, they had no idea what they were going to do. "You can't really show up at ...
-
Coca-Cola opens Burmese bottling plant
Coca-Cola began bottling its famous soft drink in Myanmar (Burma) as part of a planned five-year, $US200 million ($A205.8 million) investment after having no local production for more than 60 years. The company announced in a press release the ceremonial inauguration of its bottling plant in Hmawbi Township, a suburb of Yangon, the country's biggest city, with local partner Pinya ...
-
GLOBAL MARKETS-Asian shares slide as upcoming Fed meeting jangles nerves
Mon Jun 17, 2013 10:46pm EDT * MSCI Asia ex-Japan slips 0.7 pct, Nikkei opens down 0.3 pct * Dollar steady vs yen, choppy against basket of key currencies By Chikako Mogi TOKYO, June 18 (Reuters) - Asian shares slid on Tuesday as investors waited on tenterhooks for news of the U.S. Federal Open Market Committee's plans for its stimulus programme - with the mere suggestion of fine-tuning it ...
-
Sprint files lawsuit against Dish and Clearwire
(Reuters) - Sprint Nextel Corp has filed a lawsuit against Dish Network Corp and Clearwire Corp to prevent the completion of Dish's offer for Clearwire's shares.The lawsuit details how Dish has "repeatedly attempted to fool Clearwire's shareholders into believing its proposal was actionable in an effort to acquire Clearwire's spectrum and to obstruct Sprint's ...
Silicon Valley Focus
-
Silicon Valley's Expo ambitions
Moffet Field, a fairly unknown former military airbase in Silicon Valley near Mountain View and Sunnyvale, may become the centerpiece of the 2020 World Expo if Governor Schwarzenegger and other advocated of a California bid get their way.
California wants one of its cities to host the 2020 World Expo, the event is a seminal one on the world calendar and is expected to draw in over 70 million visitors to Shanghai, the city currently hosting the exhibition, which last six months. Read more
News from around our Network
